CUP WITH HANDLE PLATTERN

By October 6, 2013 Chart Analysis No Comments

CELG has established Cup with handle pattern and is expected to move further up towards $161-$162 target.

CERN moved up big with huge volume. This move was due to the announcement of their strategic partnership with another company. CERN is expected to move further up towards $57 level.

FOSL is maintaining its trend line and is expected to break out of its recent trading range. FOSL is expected to rise towards $124 level. Trader can buy options contract one month forward such as December 120 Calls.

LEA is expected to break the consolidation range to the upside and heads towards $75-$77 level.

MGA moved up good with huge trading volume last Friday. MGA is expected to continue its move to the upside.

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Charts of CELG, CERN, FOSL, LEA and MGA are shown below:

 

Cup with Handle CUP WITH HANDLE PLATTERN MGA Chart October 6th 2013

MGA – Moved With Huge Volume

Cup with Handle CUP WITH HANDLE PLATTERN LEA Chart October 6th 20131

LEA Consolidation Trading Range

Cup with Handle CUP WITH HANDLE PLATTERN CELG Chart October 6th 2013

CELG Cup with Handle

 

Cup with Handle CUP WITH HANDLE PLATTERN FOSL Chart October 6th 2013

FOSL – Maintaining its Trend Line

Cup with Handle CUP WITH HANDLE PLATTERN CERN Chart October 6th 2013

CERN Volume Breakout

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